If Sam Is Willing to Pay $50 for One Unit

question 70

Multiple Choice

If Sam is willing to pay $50 for one unit of good X, $30 for a second, $20 for a third, $8 for a fourth, and the market price is $10, then Sam's consumer surplus is:

• A) $40 and he buys 1 unit of good X.
• B) $60 and he buys 2 units of good X.
• C) $70 and he buys 3 units of good X
• D) $68 and he buys 4 units of good X.

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Definitions:

Medical Model

An approach to health and illness, viewing psychological problems as diseases that have symptoms and can be cured with medical treatment.

Abnormal Behaviour

Actions or behaviors that deviate significantly from what is considered normal or typical within a culture or society.

Mood Disorders

A set of mental health issues marked by continual changes in mood or feelings, for instance, depression or bipolar disorder.

Neurotransmitters

Chemical messengers that transmit signals across synapses from one neuron to another in the nervous system, influencing mental and physical processes.